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The Congressional Budget Office released its 2015 Long-Term Fiscal Outlook, which projects that by 2040, federal debt will climb to over 100 percent of GDP under current law and could reach 175 percent of GDP under less optimistic assumptions.
The child tax credit (CTC) is a measure administered though the tax code that is designed to make raising children more affordable by easing the financial burden faced by families.
https://www.pgpf.org/budget-basics/what-is-the-child-tax-credit
Take our quiz to see how much you really know about how revenues are collected and federal funds are spent.
https://www.pgpf.org/quiz/how-much-do-you-know-about-the-federal-budget
The Peter G. Peterson Foundation leverages its unique role as an effective convener of individuals, organizations and ideas. In bringing together America's most respected voices from across the ideological spectrum, the Foundation demonstrates that good solutions not only exist, but they also can gain broad support.
As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
“As a new president and Congress take office, one thing hasn’t changed: our nation’s fiscal outlook remains unsustainable," Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation, said in response to the Congressional Budget Office's Budget and Economic Outlook update.
https://www.pgpf.org/press-release/2017/01/statement-on-the-cbos-budget-and-economic-outlook
Chairman Paul Ryan's budget aims to shrink the size of government to about 20 percent of gross domestic product (GDP) in 2015 and to 15 percent of GDP in 2050.
The Foundation provides a wide range of analysis, reports, and charts on fiscal and economic trends to help policymakers, journalists, and the public learn more about our nation’s fiscal and economic health.
https://www.pgpf.org/what-we-are-doing/research-and-analysis
The updated 2010 projection is a slight improvement over CBO ‘s March estimate primarily as a result of higher than expected corporate revenues and receipts from the Federal Reserve.
https://www.pgpf.org/analysis/cbo%E2%80%99s-august-2010-budget-outlook
The Fiscal Internship Program engages college students in fiscal policy by providing them with first-hand research experience at public policy institutions in Washington, D.C.
https://www.pgpf.org/what-we-are-doing/grants/pgpf-fiscal-internship-program-in-washington-dc